WELCOME TO A ONE-OF-A-KIND RETREAT IN THE HIGHLY DESIRABLE SHADOW HILLS COMMUNITY! Nestled on a beautifully landscaped homesite, this extraordinary residence offers an unforgettable combination of artistry, comfort, and functionality. From the moment you arrive, the meticulously designed front landscaping creates a stunning first impression, setting the stage for the remarkable home that awaits inside. Every room has been thoughtfully curated to create a peaceful, Zen-inspired atmosphere, showcasing elegant Eastern design elements, custom finishes, and timeless craftsmanship throughout. The spacious primary suite serves as a private sanctuary and features an INCREDIBLE CUSTOM WALK-IN DRESSING ROOM complete with a center island, built-in shelving, hanging racks, and abundant storage—perfect for even the most extensive wardrobe. The former garage has been masterfully transformed into an exceptional multi-purpose space featuring a PRIVATE LIBRARY with custom built-in shelving, a spacious walk-in pantry, concealed storage areas hidden behind charming distressed bi-fold doors, and an integrated laundry room. Whether you're a book lover, collector, artist, or simply appreciate creative living spaces, this area offers endless possibilities. The oversized living room is filled with natural light and overlooks the spectacular backyard oasis, where you'll discover an expansive covered patio, beautifully painted deck, and an impressive collection of mature tropical and exotic plants designed to provide year-round beauty and tranquility. This outdoor sanctuary is perfect for relaxing, entertaining, or simply enjoying the peaceful surroundings. Ideally located just a short walk to Woodlands Elementary School and a newly developed shopping center featuring Publix, this home also offers convenient access to top-rated Lake Mary schools, numerous parks, dining, shopping, and major roadways. As an added bonus, NEW ROOF 2022, NEW ELECTRIC PANEL 2025, AC 2019 providing an incredible opportunity for buyers seeking a move-in-ready residence. THIS IS FAR MORE THAN A HOME—IT IS A LIFESTYLE AND A TRUE WORK OF ART. Schedule your private showing today and experience everything this exceptional property has. Even better, this property offers an ASSUMABLE VA loan at an attractive interest rate, presenting a rare opportunity for qualified buyers.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
